German sportswear company Puma reported a sharp decline in second-quarter 2026 revenue, with sales falling 9.4% year-over-year to €1.69 billion, down from €1.87 billion in the same period last year. The company attributed the decline to restructuring measures launched in the third quarter of 2025 and weaker consumer demand across key markets, particularly amid the…
Adidas posted a strong first-half performance in 2026, reporting a 21% year-over-year increase in net profit to €968 million, driven by solid consumer demand and higher sales across most markets and product categories. The German sportswear giant increased revenue by 9% to €13.33 billion during the first six months of the year and raised its…
MotoGP Sports Entertainment returned to profitability in 2025, posting a €12.5 million net profit after recording a €12.3 million loss the previous year, according to financial statements obtained by Palco23. The turnaround came as the company, which manages the commercial rights of the MotoGP World Championship, increased revenue to €457.5 million, representing nearly 9% year-over-year…
A new report by PwC estimates that the upcoming Formula 1 Spanish Grand Prix in Madrid will generate an annual economic impact of €467 million, exceeding the previous €450 million forecast by the Madrid Chamber of Commerce. According to the consultancy, the race will account for 5.7% of the direct gross value added (GVA) of…
FIFA has announced plans to establish a new commercial entity that could generate billions of dollars in additional revenue during each FIFA World Cup cycle, marking a significant shift in how the governing body manages its commercial operations. Although FIFA operates as a non-profit organization, the World Cup already generates billions in revenue through broadcasting…
Former Oak View Group (OVG) CEO Tim Leiweke has continued his expansion into European football by becoming a minority shareholder in Bolton Wanderers, marking his second club investment in just two months. The financial details of the deal have not been disclosed. Leiweke completed the investment through Entrepreneur Equity Partners (EEP), the investment fund he…
The German Bundesliga has entered discussions with U.S.-based investment firm Apollo Sports Capital over a proposed €1 billion financing package, marking the latest chapter in the league’s long-running debate over external funding. According to reports, Bundesliga representatives met with Apollo in New York in June to discuss a 20-year loan secured against the league’s future…
Fanatics is acquiring two key assets from financial technology and brokerage firm BGC Group as it prepares to launch its own federally regulated prediction market exchange. Under the deal, Fanatics will acquire Water Street Labs, a Commodity Futures Trading Commission (CFTC)-registered designated contract market, and CX Clearinghouse, a derivatives clearing organization. The acquisitions will enable…
Prediction market operator Kalshi recorded $12.4 billion in World Cup trading volume excluding parlays, with the figure rising to $27 billion when combined wagers are included, according to TickerTracker data. The figure is almost 15 times the $1.75 billion Kalshi generated during this year’s March Madness tournament. Kalshi entered the World Cup aggressively, signing retired…
Tadej Pogačar’s fifth Tour de France victory has provided another major boost to the commercial story behind one of cycling’s biggest events. Amaury Sport Organisation (ASO), the French company that organises the Tour de France, generated €374.93 million in revenue in its 2024 financial year — an increase of approximately 17% from the previous year….
